Jordan Belfort was born in Queens, New York, the son of accountants 'his mother wanted him to be a doctor'. He hustled ices to put himself through college showing early entrepreneurial flair. His first business sent him bankrupt at 24, so he went down to Wall St with $100 in his pocket and through a series of wild coincidences and leaps of logic ended up building one of the largest brokerages in America -- the now infamous Stratton Oakmont. Ultimately indicted by the federal government, Belfort served twenty-two months in prison, spent one month in rehab, and is currently living in Los Angeles, California.
Belfort, who founded one of the first and largest "chop shop" brokerage firms in 1987, was banned from the securities business for life by 1994, and later went to jail for fraud and money-laundering, delivers a memoir that reads like fiction. It covers his decade of success with straightforward accounts of how he worked with managers of obscure companies to acquire large amounts of stock with minimal public disclosure, then pumped up the price and sold it, so he and the insiders made large profits while public investors usually lost. Profits were laundered through purchase of legitimate businesses and cash deposits in Swiss banks. There is only brief mention of Belfort's life before Wall Street or events since 1997. The book's main topic is the vast amount of sex, drugs and risky physical behavior Belfort managed to survive. As might be expected in the autobiography of a veteran con man with movie rights already sold, it's hard to know how much to believe. The story is told mostly in dialogue, with allegedly contemporaneous mental asides by the author, reported verbatim. But it reports only surface events, never revealing what motivates Belfort or any of the other characters. (Oct. 2) Copyright 2007 Reed Business Information.
'The wicked wolf of Wall Street ... Cocaine. Girls. James Bond cars. Billion-dollar deals and jail for fraud ... the outrageous memoirs of the real Gordon Gekko' -- Daily Mail 'A cocky bad boy of finance recalls ... [his] career as a master of his own universe ... A hell of a read.' -- Kirkus 'A memoir that reads like fiction ... [about a] vast amount of sex, drugs and risky physical behavior Belfort managed to survive.' -- Publishers Weekly 'Reads like a cross between Tom Wolfes Bonfire of the Vanities and Scorseses Goodfellas ... Laugh-out-loud funny' -- The Sunday Times 'Gleefully crass and terribly sad [but] you actually feel for the guy' -- Rolling Stone 'This book reads like The Financial World presented by Ozzy Osbourne ... One reads a book like this for tales of excess, and Belfort certainly delivers, to the point where you long for a night in with Dad's Army and something eggy on a plate.' -- Mail on Sunday 'For those not completely familiar with Wall Street, this is an important read. Think of it as a tour of the sort of underbelly of the financial market scene, the dark side of which, in some form, is always out there. For those more experienced, this can be, plain and simple, a fun read.' -- TheStreet.com
Rich at 26, Belfort headed up the shady investment firm Stratton Oakmont and eventually was convicted of fraudulent practices, serving barely two years in prison. Here's an account of his wild life. Copyright 2007 Reed Business Information.